Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to stifle him.US Economyread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
The Supreme Court refused to overturn a precedent that strengthened the power of government regulators in a closely watched case that could have had broad ramifications for...Politicsread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
The first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
The red-hot gold trade is cooling off on Wednesday, and Mark Newton of Newton Advisors says the charts point to further weakness to come.Trading Nationread more
In a Wednesday blog post, Uber addressed its special technology that hides the regular city view from users and shows them an altered view instead. The company pledged not to employ this technology against regulators who are trying to investigate Uber.
The existence of that tech, called "Greyball" within the company, was first revealed in a report in the New York Times last Friday. According to that report, Uber used Greyball to target regulators in cities where Uber was banned or restricted, such as Portland, Oregon. Those regulators attempted in some cases to order Uber cars to prove they were operating illegally. Greyball showed cars that didn't actually exist, and real drivers who offered rides quickly canceled, according to the Times.
At the time, Uber told the Times that the technology was used against riders who were violating its terms of service, "opponents who collude with officials on secret 'stings' meant to entrap drivers."
Wednesday's statement from Uber said Greyball "has been used for many purposes, for example: the testing of new features by employees; marketing promotions; fraud prevention; to protect our partners from physical harm; and to deter riders using the app in violation of our terms of service." It continues, "we are expressly prohibiting its use to target action by local regulators going forward."